Category Archives: Corporate Law

FTC announces increased HSR thresholds for 2019

On February 15, 2019 the Federal Trade Commission (“FTC”) announced the annual increased reporting thresholds under the Hart-Scott-Rodino Antitrust Improvements Act (“HSR Act”) of 1976, as amended. Under the HSR Act, if certain thresholds are hit, parties proposing a merger or acquisition must file a detailed report with the U.S. FTC and Department of Justice, who will then be tasked with determining whether or not the proposed transaction will negatively impact U.S. commerce under anti-competition laws. Below are the new thresholds and updated HSR filing fees and penalties. Threshold 2019 Adjusted Threshold Minimum Size-of-Transaction US$90 million Size-of-Persons Test US$18 million and US$180 million Size-of-Transaction above which Size-of-Persons Test Does Not Apply US$359.9 million   2019 Size-of-Transaction Threshold Filing Fee Greater than $90 million but less than $180 million US$45,000 $180 million or greater but less than $899.8 million….. To continue reading this legal news please click Read full information...

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Lawyer Stress – 3 Strategies For Attorneys On Edge

Lawyer stress is felt by attorneys of all stripes including in-house counsel, law firm lawyers or those working in government. The statistics on lawyers well-being are not heartwarming, with depression prevalent and calls to mental health hotlines at all-time highs. Read on for some strategies from the Lucas Group on how to cope: “The agenda for the 2019 National Association for Law Placement (NALP) Annual Education Conference in San Diego offers nearly a dozen sessions centered around themes of managing stress, promoting mental health and maintaining work-life balance. Some days at the conference also begin with the opportunity to attend a wellness session, such as yoga, a barre class and a 5K fun run and walk. With the title of “Lighting the Way,” the conference’s emphasis on lawyer wellness in such a challenging industry is not surprising. For better or worse, the practice of law is generally accepted as a tough profession in which attorneys often….. To continue reading this legal news please click Read full information...

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Morality and the 2017 Tax Act

Linda Sugin, The Social Meaning of the Tax Cuts and Jobs Act, 128 Yale L.J. 403 (2018). Susan Morse I am on alert for tax law changes as I teach Federal Income Tax this semester for the first time since the passage of the 2017 tax act. They seem to appear out of nowhere, rather than as part of a predictable pattern. What can explain seemingly disconnected provisions, scattered throughout the Code and enacted without an explicit policy explanation? Linda Sugin takes on this question in The Social Meaning of the Tax Cuts and Jobs Act, published in 2018 at the Yale Law Journal Forum. Her critical perspective makes an effort to divine the worldview embedded in the TCJA based on the content of the enacted law. Sugin’s engineering effort shows the following “American priorities and values revealed by the TCJA: The traditional family is best; Individuals have greater entitlement to their capital than to their labor; People are autonomous individuals; Charity is….. To continue reading this legal news please click Read full information...

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A pragmatic approach to climate risk

As we reported last year, investors are increasingly pushing for more detailed disclosure on climate change-related issues. According to the Wall Street Journal, companies are expected to face 75 climate-related shareholder proposals this AGM season. Generally, the questions investors are asking can be divided into two categories: What corporate social responsibility initiatives are you adopting to mitigate your company’s contribution to climate change? Is your company particularly exposed to any risks that climate change is expected to exacerbate? Corporate social responsibility initiatives The first question should not be taking issuers off-guard, as the call to action is obvious and potential mitigative strategies are known, or at least knowable. This risk is principally addressed by engaging with your shareholders which is generally good governance and not necessarily specific to climate risk. Last year, there were reports of significant groups….. To continue reading this legal news please click Read full information...

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ABLE Accounts Update: New Rules for 2019

By Rachel Johnston, Esq., Littman Krooks LLP ABLE Accounts are designed for individuals with disabilities to assist them in saving money and accumulating a savings account without jeopardizing their access to government benefits. Achieving a Better Life Experience (ABLE) accounts have been for a few years. Accounts holding up to $100,000 maintain eligibility for Supplemental Security Income, and Medicaid eligibility is never effected.  The funding limits for ABLE accounts have remained consistent with the Federal gift tax exclusion, which is currently $15,000. The IRS has rolled out a new expansion of the ABLE accounts and the ability to adapt with families’ growing needs. Now individuals with disabilities who are employed can also contribute their income and wages into an ABLE account up to $12,140 per year for those in the continental U.S. provided they do not have a employer-contributed workplace retirement plan available. Another big update to the ABLE….. To continue reading this legal news please click Read full information...

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